73  Total SME IPOs listed in 2025

3,196.85 Crs.  Total funds raised in 2025

49  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

73  Total SME IPOs listed in 2025

3196.85 Crs.  Total funds raised in 2025

49  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

73  Total SME IPOs listed in 2025

3196.85 Crs.  Total funds raised in 2025

49  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

73  Total SME IPOs listed in 2025

3196.85 Crs.  Total funds raised in 2025

49  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

Indegene IPO (Indegene Limited IPO) Detail

Indegene IPO is a Book Building IPO listing on BSE,NSE exchange, with an ipo size of ₹ 1841.76 Cr. The company is based in Bangalore and caters to Pharmaceutical sector. Citigroup Global Markets India , J.P. Morgan India , Kotak Mahindra Capital Company , Nomura Financial Advisory And Securities (India) are the merchant bankers of Indegene IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 14th December 2022.

Indegene IPO open date is 6th May 2024 and close date is 8th May 2024. IPO Allotment Date is 9th May 2024 and Listing date is 13th May 2024.

IPO Category : MainBoard
Exchange : BSE,NSE
Issue Type : Book Building

IPO Key Highlights

  • IPO Size: ₹ 1841.76 Cr. Avg IPO Size (Sector Based) : ₹ 1,342.04 cr.
  • Sector: Pharmaceutical IPO so far: 22
  • Merchant Banker: Citigroup Global IPO by BRLM so far: 71
  • City: Bangalore IPO so far: 44
  • Revenue (annualised): ₹ 2626.33 cr.
            PAT: (annualised): ₹ 322.53 cr. Read Financial Information >>
  • PE Ratio: 33.53x Average Sector PE Ratio: 25.12x

Indegene IPO Date

Date of DRHP:
14th December 2022
IPO Open Date:
6th May 2024
IPO Close Date:
8th May 2024
IPO Allotment Date:
9th May 2024
Initiation of Refund:
10th May 2024
IPO Listing Date:
13th May 2024

Indegene Limited IPO Info, Size, Subscription

Indegene IPO size is ₹ 1841.76 Cr. with IPO price of ₹ 452.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.

IPO Size :
₹ 1841.76 Cr.

Issue Price:
₹ 452.00

Market Capitalisation :
₹ 10814.07 Cr.

PE multiple :
33.53

Subscription :
70.30 times

Pre Issue Promoter Holding :
30.71 %

Post Issue Promoter Holding :
0.00 %

Indegene IPO Information

Sub Sector : digital-led commercialization services for the life sciences industry
Indegene Limited is a “digital-first” commercialization firm dedicated to the global life sciences industry. Its solutions help biopharmaceutical, emerging biotech, and medical device companies develop products, launch them, and drive sales throughout their lifecycle in a more effective, efficient, and modern way. The company combines over two decades of healthcare domain expertise with fit-for-purpose technology. Its portfolio covers all aspects of commercial, medical, regulatory, and R&D operations for life sciences companies. The company has established relationships with 19 of the 20 largest biopharmaceutical companies in the world by revenue as of the Financial Year 2021, earning more than 70% of its revenue from these 19 clients for the years 2020, 2021, and 2022. As of June 30, 2022, it had 52 active clients, including 21
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Object of Issue (Indegene Limited IPO Objectives)

  • Repayment/prepayment of indebtedness of one of the Material Subsidiaries, ILSL Holdings, Inc
  • Funding the capital expenditure requirements of the Company and one of the Material Subsidiaries, Indegene, Inc
  • General corporate purposes and inorganic growth

Citigroup Global Markets India Private Limited is the book-running lead manager of the Indegene IPO. Link Intime India Private Limited is the Registrar for Indegene IPO.

Indegene IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.

What is Indegene IPO?

Indegene IPO, based in Bangalore, operates in the   Pharmaceutical sector with a focus on digital-led commercialization services for the life sciences industry. The company is launching its MainBoard IPO on the BSE,NSE exchange, using the Book Building Issue method. Indegene IPO size is ₹ 1841.76 Cr. with fresh issue size of ₹ 760.00 Cr. and Offer for sale being ₹ 1081.76Cr.

When is Indegene Limited IPO allotment?

The IPO allotment date for Indegene IPO is expected to be 9th May 2024, after the finalization of basis of allotment. Investors can check Indegene IPO allotment status on the registrars website, Link Intime India Private Limited . Indegene IPO refund dates are 10th May 2024.

When is Indegene IPO listing date?

Indegene IPO is expected to be listed on 13th May 2024.

What is the price band for Indegene Limited IPO?

The upper price band for the Indegene IPO is set at ₹ 452.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.

What is Indegene IPO Review?

For IPO analysis on Indegene IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.

How to Apply for Indegene IPO?

To apply for the Indegene IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 8th May 2024. After submission, funds are blocked until the basis of allotment of Indegene IPO is finalised.

Who is the merchant banker of Indegene Limited IPO?

The merchant banker for Indegene IPO is Citigroup Global Markets India Private Limited , J.P. Morgan India Private Limited , Kotak Mahindra Capital Company Limited , Nomura Financial Advisory And Securities (India) Private Limited . Citigroup Global Markets India Private Limited , J.P. Morgan India Private Limited , Kotak Mahindra Capital Company Limited , Nomura Financial Advisory And Securities (India) Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Indegene IPO RHP for further details.

Who is the Registrar of Indegene IPO?

The registrar for Indegene IPO is Link Intime India Private Limited . Investors can go to Link Intime India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Indegene IPO through their official website or helpline.

What is the Indegene IPO subscription?

Indegene IPO was subscribed 70.30 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.

IPO Key Highlights

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FAQs

Indegene IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Indegene Financial Review Page

Indegene IPO subscription was 70.30 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Indegene IPO listed at a listing price of 570.65 against the offer price of 452.00.

The current market price of Indegene is 581.60.

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